Lol less than 10% of their imports is oil/gas.Turkey imports all of its oil/gas. Nevertheless exports were up too contrary to your economic knowledge.
Turkish exporters ‘proving their success during pandemic era’ - Latest News
Turkish exporters have once again proven their success under extraordinary conditions, Turkish Exporters Assembly (TIM) Chair İsmail Gülle has said.www.hurriyetdailynews.com
Turkish economy looks pretty impressive I must say.
A trade deficit of nearly $5b isn't impressive.
It is elementary. Watson. Saudi Arabia is an oil exporting country.A trade deficit of nearly $5b isn't impressive.
.Turkish trade deficit triples in September as imports surge | Ahval
Turkey’s trade deficit almost tripled in September as imports jumped from a year earlier.ahvalnews.com
Turkey exported $177b and imported $202b for their last recorded year and it only gets worse as time goes on. Compare that to Saudi Arabia which exported $263b and only imported $136b. Now you understand why Turkey is collapsing?
No shit sherlock. They're still richer than the Turks.
The US and Israel are not dependent on manufacturing unlike third world Turkey.
What? What do they depend on then?
Do you know how the private sector works? The only one dumb here is you. Do you know how much the US makes from McDonald's and other international franchises abroad? Same with Israel and their software along with Starbucks. Now compare that to backwards third world Turkey.
The backbone of advanced economies is manufacturing. But you are too stupid to know this.
LMAOThe backbone of advanced economies is manufacturing. But you are too stupid to know this.
By the way Turkey is only second to Britain in Europe in number of Starbucks.
View attachment 155955
Why Turkey has most Starbucks branches of any European country, except UK
When scrolling through Turkish social media you will inevitably come across the long-discussed debate over why there are so many Starbucks in Turkey. Why...www.dailysabah.com
What? Didn't you say "Same with Israel and their software along with Starbucks."?LMAO
Do you know how franchising works? Having many starbucks is not good for their economy. In fact it's only good for the US and Israel since they get royalty fees.
"The backbone is manufacturing", yet Turkey fails to do that successfully
Because Starbucks international franchises and software like Microsoft bring the US and Israel revenue silly. Turkey having many Starbucks doesn't benefit Turkey because royalty fees bring currency outside the country and into American and Israeli banks. That's part of the reason why Turkey's inflation situation is so bad.What? Didn't you say "Same with Israel and their software along with Starbucks."?
Starbucks is an American company. By your logic, having Starbucks in Israel is not good for them as they have to pay royalties to the US.
Turkey's export/import ratio is better than that of the US and Israel. Again by your logic, the US and Israel are failing to do it successfully too.
Dumb dumb, why would Starbucks bring royalty fees to Israeli banks? And what international franchises and software Israel has?
Go look up what royalty fees are you dumbass. Starbucks' go to the US and Israel.
When did I defend any Arab dictators lol? Anyways i'm fluent in Nubian and Arabic while this forum is in English and you're speaking to me in English from your computer while living in a western country.@Asaana why are you on your knees for these Arabs dictators? They literally erased your language and named your country "The Black"
1. Starbucks is an American company. Show me where it says that royalties paid to Starbucks go to Israel.
Where is Istanbul?
You keep jumping.
